Daily operations are severely impacted when integral leaders leave a business. Without a plan for when a leader retires, leaves, or passes away, your business is vulnerable to unnecessary losses.
A business succession plan mitigates losses, disruptions, and costs during the transition period. They designate who takes over the business, how the transition period looks, how assets are divided, and whether the business is sold or gifted.
These matters are complicated, and each business has its own unique considerations. The Soares Law Firm can draft you a business succession plan that handles your affairs exactly how you need them.
